Simpson Thacher has been at the forefront of developing new and innovative products and structures in the areas of asset securitization and derivative products.  For example, the Firm has participated in transactions which were among the first involving asset-backed commercial paper, aircraft leases, airline ticket receivables, bank credit card receivables, band credit card receivables, future revenue streams, a securitization by a company operating in bankruptcy and a public offering of trade receivables-backed securities.

Recently, the Firm represented JPMorgan Chase Bank in the restructuring of its offerings of credit card-backed securities and automobile loan-backed securities in order to conform to the requirements of Statement of Financial Accounting Standards No. 140; J.P. Morgan Securities Inc. in the first public offering of securities secured by a revolving pool of commercial fleet leasing assets of a subsidiary of Cendant Corporation; Lehman Brothers Inc. in connection with the establishment of the first rental car asset-backed auction rate note program for ANC Rental Corporation; MBIA Insurance Corporation in connection with the issuance of principal protection guarantees for a series of ING Principal Protection Funds and, an institutional investor participating in the senior tranche of a synthetic collateralized bond obligation with a notional portfolio of Euro 1 billion.